Aortic Aneurysm

Can I get Life Insurance after previously being declined?

Our client

Mr C, a 66-year-old smoker contacted us as his existing life insurance had reached the end of its term and had expired. Mr C had a small mortgage in place and required life insurance to cover this should he pass away.

He had applied for life insurance via one of the largest Financial Adviser Groups in the UK but unfortunately had been declined.

The application for life insurance was declined due to Mr C’s medical history. He had suffered a heart attack 9 years earlier and had been fitted with a stent.

Furthermore, Mr C had been diagnosed with an Aortic Aneurysm 5 years earlier which had been surgically repaired.

Our process and advice

At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public. These companies offer more specialised policies, designed to provide cover where other major providers can’t.

Our research process involves us contacting many insurers to find out the best possible outcome for our clients. Which avoids any nasty shocks later on during the underwriting process.

Would the insurer add a ‘loading’ to their standard premium? (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk). Or, exclude a condition?

Might they decline the application? We want to avoid wasting time by making applications which may be declined.

We have up to date knowledge of the ever-changing landscape of underwriting for all providers in the UK and are committed to thorough research so that you don’t have to. What’s more, our advice comes at no obligation and with no hidden costs.  You don’t pay us directly but we do get paid by the insurer if you decide to start a policy with them.

The outcome

We contacted all insurance providers to discuss the expected underwriting decision should an application be submitted. All insurance providers apart from one confirmed that they would decline to offer insurance. The one company who agreed to assess the application and medical records offered the insurance with a loading of an extra 175%.

This meant that the level term life insurance policy with a sum assured of £12,000 over a term of 10 years was quoted as £18.73 a month but the actual premium was £50.35 a month.

Mr C was pleased to start the policy and ensure financial security for his wife.

Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

All our case studies are based on actual client scenarios, many of which pre-date 2020.  We are confident that the acceptance decision made by the insurers would still be offered. Although it is likely that the rates will have changed, your own circumstances will determine whether what amount will be payable by you and would be fully discussed with you before any plan is implemented.

Client Ref: 837987309 Oct 2013

Further note:

Unfortunately, Mr C was later diagnosed with cancer and passed away in 2015. The sum assured of £12,000 was paid to his wife.

Next steps

Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.

Any quote that your adviser provides you with will take into account your circumstances and medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof


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Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer from a medical condition and concerned you can’t secure Life Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

Links to third-party websites exist for information only, and we accept no responsibility or liability for the information contained on any such sites.
The existence of a link to another website does not imply or express
endorsement of its provider, products or services by us or St. James’s Place.

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